Funding you earn now, next payment 02:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.036%
Price spread now: Variational Omni against Hibachi−0.028%7-day average +0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.115%+$11 · spread now −0.028%, 7d avg +0.003%
=Together, before fees+0.112%+ Points / potential airdropHibachi: Active · Variational Omni: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.031% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.003%). If the spread goes back, that is −$3 on $10k: about 30 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi PAXG/USDT-P | 4,352 | 0.0016 | pay 0.0002% / 1h | 21m 24s | $42K | $160K | 20x |
| Short | Variational Omni PAXG | 4,350.7 | 0.0100 | get 0.0050% / 4h | 2h 21m | $12.5M | $104K | — |
Hibachi PAXG/USDT-P
Variational Omni PAXGFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $17.64
- Price spread: −0.028% → +0.003%
- −$3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $5.51
- Costs to cover
- 0.090%
- Break-even
- 4.8 days
Slippage unknown: Hibachi: live order book, 47 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hibachi live order book, 47 min ago | 0.08 bp | 15.5 bp −$16 | 49.4 bp −$494 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.83 bp | doesn't fit | 8.4 bp −$84 | doesn't fit | doesn't fit |
PAXG on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,351.5 | −0.010% | $102K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,353.7 | +0.040% | $15.7M | $3.5M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,347.3 | −0.107% | $2K | $3.8M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,354.8 | +0.066% | $7.9M | $873K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,353.8 | +0.041% | $906K | $628K | 75x | as long as short |
| Hibachi PAXG/USDT-Plong | +0.0016% | 1h | 4,352 | long leg | $42K | $160K | 20x | |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,347.3 | −0.107% | $1K | $151K | 30x | as long as short |
| Lighter PAXG | +0.0096% | 1h | 4,351.5 | −0.011% | $1.4M | $305K | 25x | as long as short |
| GRVT PAXG_USDT_Perp | +0.0098% | 4h | 4,352.8 | +0.019% | $1.5M | $2.0M | 10x | as long as short |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,351.1 | −0.020% | $80K | $3.7M | 50x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Injective PAXG/USDC PERP
Lighter PAXG
GRVT PAXG_USDT_Perp
Paradex PAXG-USD-PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PAXG | +0.0100% | 1h | 4,351.6 | −0.008% | $20.7M | $2.1M | 10x | as long as short |
| Aster PAXGUSDT | +0.0100% | 4h | 4,351.9 | −0.002% | $908K | $29K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,353 | +0.024% | $1.0M | $364K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,351.9 | −0.001% | $80.2M | $70.7M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,353.3 | +0.031% | $15.2M | $3.5M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,352.7 | +0.016% | $16.2M | $1.1M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,354.1 | +0.048% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,352.2 | +0.004% | $9.6M | $15.1M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,352.4 | +0.010% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,352.3 | +0.007% | $1.4M | $803K | 50x | as long as short |
| Variational Omni PAXGshort | +0.0100% | 4h | 4,350.7 | −0.028% | $12.5M | $104K | — | |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,350.6 | −0.030% | $263K | $790K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,351.6 | −0.008% | $558 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,352 | +0.001% | $1.5M | $38K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,350.8 | −0.026% | $378K | $1.5M | 25x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,351.8 | −0.003% | $21K | — | 100x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0247% | 1h | 4,351.9 | 0.000% | $1.3M | $1.4M | 20x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0312% | 1h | 4,356.3 | +0.099% | $972K | $1.1M | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.0992% | 1h | 4,362.5 | +0.242% | $29K | $23K | 10x | as long as short |
Hyperliquid PAXG
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Reya PAXGRUSDPERP
Kraken Futures PF_PAXGUSD
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD